Ira board mulls bond refinancing

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Financial consultants from two different firms will discuss bond refinancing options with the Ira ISD board of trustees on Tuesday.
The board is scheduled to hear presentations from Government Capital and Live Oak Public Financial, but will not take action on refinancing the bonds used to pay for the school construction project.
In 2013, voters in the Ira school district approved the $12.2 million bond issue to fund the construction project. In 2014, the board approved a 25-year bond note with a five-year call back. Of the $12.2 million, some $2.95 million were sold to residents within the school district. The interest rate on the bonds was set at 3.67 percent.
Trustees are expected to take action on updating the bank signor list for its accounts. Reports from the administration will also be presented and a closed session to discuss personnel is listed on the agenda. Any action from the closed session will be taken in open session.
The meeting will begin at 6:30 p.m. in the Roy Sallee Gym boardroom and is open to the public. A time has been set aside for the public to comment on non-agenda items.